Quote from: IconFirm on March 27, 2018, 10:31:50 AM

Quote from: classicsucks on March 27, 2018, 08:09:29 AM

Quote from: stan86 on March 27, 2018, 03:33:36 AM

Syscoin 3.0 Update

On March 7, the SEC released its Statement on Potentially Unlawful Online Platforms for Trading Digital Assets. In reference to online cryptocurrency exchanges, part of the statement reads: A number of these platforms provide a mechanism for trading assets that meet the definition of a security under the federal securities laws. This has important implications for many blockchain companies such as Blockchain Foundry and cryptocurrency projects like Syscoin, who strive to meet rapidly changing compliance standards.

Over the past several months, Blockchain Foundry has been working with our legal team to define and strengthen our view that Syscoin is not a security. Given the recent SEC update, this analysis is more important than ever, especially as some trading platforms have been delisting tokens that have not made an effort to take compliance seriously.

My advice on this is "don't kiss their butts too hard". Just keep doing what you do and don't ask for permission. The SEC has no clue how Syscoin works, and even if they did they couldn't tell you if it conforms to their non-existent rules. I don't see OpenBazaar running over to double check with SEC, and they just got a huge investment.

Thanks for listening

Agreed. Besides, the SEC is a US "agency" is it not? I was told by devs that Syscoin is based in Canada & is under Canadian jurisdiction, so why suck up to them?

The United States is one of the most important parts of the cryptographic world, and the relevant policies inevitably affect it, and SYS can choose to stay away from it.